Derrick Van Yeaboah, a Ghanaian citizen, has pleaded guilty to federal fraud charges in the United States. He admitted his role in a criminal organization responsible for taking money from victims.
U.S. Attorney Jay Clayton announced the guilty plea. Van Yeaboah was part of a group that used romance scams and business email compromises to steal funds.
The total amount stolen by the organization is reported to be over $100 million. Van Yeaboah himself admitted involvement in stealing more than $10 million.
He pleaded guilty to conspiracy to commit wire fraud. This crime involves using electronic communications to carry out fraudulent schemes.
The plea was entered in the Southern District of New York. Van Yeaboah was known by the alias "Van" within the criminal group.